Power Grid secures transmission project in Madhya Pradesh
Power Grid Corporation of India has announced that it has been selected as the successful bidder under tariff-based competitive bidding (TBCB) for establishing an inter-state transmission system in Madhya Pradesh.
The project involves creating a transmission system for evacuating power from the Rajasthan Renewable Energy Zone (REZ) Phase IV (Part 2: 5.5 GW) from the Jaisalmer/Barmer Complex. This system will be built, owned, operated, and transferred (BOOT) by Power Grid, as stated in their press release.
The project includes the construction of a new 765/400/220 kV substation at Kurawar, along with the development of 765 kV and 400 kV double-circuit transmission lines and associated bay extension works at existing substations in Madhya Pradesh.
Power Grid also received a letter of intent (LoI) for the project on September 18, 2024. Established by the Government of India as the central transmission utility, Power Grid Corporation is recognized as a 'Maharatna' company under the Ministry of Power. As of June 30, 2024, the Government of India holds a 51.34% stake in the firm.
